BHVL, short for Brigade Hotel Ventures Limited, is the hospitality heartbeat of southern India — a premium hotel-owning and development arm of the real estate giant Brigade Enterprises Limited (BEL). Established to bring world-class hospitality experiences to life, BHVL has swiftly emerged as a key player in India’s luxury hotel scene.
A wholly-owned subsidiary of Brigade Enterprises Limited, BHVL isn’t just in the hotel business — it’s in the business of curating experiences that stay with you long after checkout. Operating under the umbrella of one of India’s most respected real estate giants, the company has carved a niche across India’s hospitality skyline with a sharp focus on South India.
The company owns chain-affiliated hotels and rooms in South India (comprising the states of Kerala, Andhra Pradesh, Tamil Nadu, Karnataka, Telangana, and the Union territories Lakshadweep, Andaman and Nicobar Islands, and Pondicherry) among major private hotel asset owners (i.e., owning at least 500 rooms pan India) as of June 30, 2024.
And here’s what makes their portfolio shine:
- Nine operational hotels spread across key urban and cultural hotspots — including Bengaluru, Mysuru, Chennai, Kochi, and GIFT City.
- A whopping 1,604 keys, operated by luxury legends like Marriott, Accor, and IHG.
- A carefully crafted mix of business, leisure, and upscale experiences — be it MICE-ready venues, indulgent spas, rooftop dining, or tranquil lounges.
Brigade Hotel Ventures IPO – Details
| IPO Opening Date | 24 July 2025 |
| IPO Closing Date | 28 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹759.60 Crore Fresh Issue: [] Shares Worth ₹759.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Brigade Hotel Ventures IPO – Date Schedule
| IPO Open Date | 24 July 2025 |
| IPO Close Date | 28 July 2025 |
| Basis of Allotment | 29 July 2025 |
| Initiation of Refund | 30 July 2025 |
| Credit of Shares to Demat Account | 30 July 2025 |
| IPO Listing Date | 31 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 28, 2025 |
Brigade Hotel Ventures IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- Strategically located award-winning hotels with diversified offerings in the key cities, primarily in South India.
- Focus on asset management, resulting in operating efficiencies.
- Focus on environmental, social, and governance.
- Strong parentage of Brigade Group.
- Well-positioned to leverage industry tailwinds.
- Experienced management team with domain expertise.
- Track record of financial performance.
Company Promoters
- Brigade Enterprises Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹356.41 Cr | ₹371.95 Cr | -₹3.09 Cr | ₹632.50 Cr |
| 31 March 2024 | ₹404.85 Cr | ₹372.77 Cr | ₹31.14 Cr | ₹601.19 Cr |
| 31 March 2025 | ₹470.68 Cr | ₹426.17 Cr | ₹23.66 Cr | ₹617.32 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 13.62% |
| Debt/Equity | 7.40 |
| RoNW | 30.11% |
| PAT Margin | 5.03% |
| EBITDA Margin | 35.45% |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and Material Subsidiary, namely, SRP Prosperita Hotel Ventures Limited. | 468.14 |
| Payment of consideration for the purchase of an undivided share of land from the Promoter, BEL. | 107.52 |
| Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes. |
Brigade Hotel Ventures IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 1.00 | The Indian Hotels Company Limited | 87.22 |
| 2 | 2.00 | EIH Limited | 75.86 |
| 3 | 10.00 | Chalet Hotels Limited | 139.42 |
| 4 | 10.00 | Juniper Hotels Limited | 122.55 |
| 5 | 10.00 | Lemon Tree Hotels Limited | 22.59 |
| 6 | 1.00 | Samhi Hotels Limited | 51.63 |
| 7 | 1.00 | Apeejay Surendra Park Hotels Limited | 60.17 |
| 8 | 1.00 | Ventive Hospitality | 252.88 |
| 9 | 1.00 | ITC Hotels | 51.55 |
| 10 | 10.00 | Schloss Bangalore Limited | 107.95 |
✅Strengths
- Strong presence in key South Indian cities with high-growth tourism and business potential.
- Strategic partnership with global hospitality giants like Marriott, Accor, and IHG.
- Diverse hotel offerings catering to luxury, upscale, and upper-midscale segments.
- Experienced promoter group (Brigade Enterprises) with a strong real estate track record.
- Located in prime business districts and near airports or tech parks.
- Growing demand in the Indian hospitality sector post-COVID recovery.
- High occupancy rates in mature properties reflect operational strength.
⚠️Risks
- Heavy reliance on a few hotel operators for revenue generation and brand positioning.
- Vulnerable to fluctuations in tourism, pandemics, and economic slowdowns.
- High operating costs and lease expenses may affect profitability.
- Limited geographical diversification outside Southern India.
- Competition from branded and new-age hospitality platforms like OYO and Airbnb.
- Ongoing and future litigations may adversely impact operations.
- Dependence on third-party brand agreements that may not be renewed or extended.
Brigade Hotel Ventures IPO Promoter Holding
| Pre Issue Share Holding | 95.26% |
| Post Issue Share Holding | – |
Brigade Hotel Ventures IPO Prospectus
Company Contact Information
| Brigade Hotel Ventures Ltd. 29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram Rajajinagar Bengaluru, Karnataka, 560055 Phone: +91 80 4137 9200 Email: investors@bhvl.in Website: https://bhvl.in/ |
Brigade Hotel Ventures IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Brigade Hotel Ventures IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited |
Brigade Hotel Ventures IPO FAQs
| What is Brigade Hotel Ventures IPO? Brigade Hotel Ventures IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When will Brigade Hotel Ventures IPO open? The IPO is to open on 24 July 2025 for QIB, NII, and Retail Investors. |
| What is Brigade Hotel Ventures IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Brigade Hotel Ventures IPO? You can apply Brigade Hotel Ventures IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Brigade Hotel Ventures IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Brigade Hotel Ventures IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Brigade Hotel Ventures IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Brigade Hotel Ventures IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Brigade Hotel Ventures IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Brigade Hotel Ventures IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Brigade Hotel Ventures IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Brigade Hotel Ventures IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Brigade Hotel Ventures IPO Size? Brigade Hotel Ventures IPO size is ₹759.60 Crore. |
| What is the Brigade Hotel Ventures IPO Price Band? Brigade Hotel Ventures IPO Price Band is ₹[] to ₹[]. |
| What is Brigade Hotel Ventures IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] while the maximum bid is [] Shares with ₹[]. |
| What is the Brigade Hotel Ventures IPO Allotment Date? Brigade Hotel Ventures IPO allotment date is 29 July 2025. |
| What is the Brigade Hotel Ventures IPO Listing Date? Brigade Hotel Ventures IPO listing date is 31 July 2025. The IPO is to be listed on BSE and NSE. |
